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Jan 21, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold maintains a strong uptrend within a clear ascending channel, posting fresh highs supported by safe-haven demand and a weaker U.S. dollar. The MACD indicates accelerating bullish momentum, reinforcing the positive outlook as long as prices remain above key support levels.

Overall Trend: Bullish
 Support: 4680 – 4620
 Resistance: 4860 – 4920

 Outlook: Sustained trading above 4680 supports further upside, while a break below this level could lead to a corrective move within the ascending channel.

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading in a sideways range with a slight bullish bias after attempts to stabilize above the 59.00 level, as markets await clearer demand-related catalysts. Momentum remains balanced with no decisive direction.

Overall Trend: Neutral with a bullish bias
 Support: 58.90 – 58.20
 Resistance: 60.30 – 61.50

 Outlook: A break above 60.30 would strengthen the bullish scenario, while a move below 58.90 could renew selling pressure.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is undergoing a mild correction after approaching record highs, while the medium-term trend remains positive despite weakening short-term momentum.

Overall Trend: Bullish
 Support: 24,700 – 24,300
 Resistance: 25,400 – 25,800

 Outlook: Holding above 24,700 preserves the positive outlook.
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is moving within a calm correction inside a broader uptrend, with prices remaining above key support levels, suggesting the current pullback is healthy.

Overall Trend: Bullish
 Support: 47,900 – 47,200
 Resistance: 49,200 – 49,800

 Outlook: Continued trading above 47,900 supports a gradual return of bullish momentum.

- A look at yesterday report dated Jan 20, 2025.

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